Adani Green Secures 400 MW UPPCL Solar Project At ₹2.57/kWh

Adani Green Secures 400 MW UPPCL Solar Project At ₹2.57/kWh

Adani Green’s subsidiary–Adani Renewable Energy Holding Twelve Limited (AREH12L), recently secured a 400 MW solar project from Uttar Pradesh Power Corporation Limited (UPPCL) at a tariff of ₹2.57/kWh.

The company informed its investors in its regulatory filing before the exchanges. It said, “Adani Renewable Energy Holding Twelve Limited (AREH12L), a subsidiary of Adani Green, received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL).” The green company added that it secured the project for the supply of a 400 MW solar power project from a grid-connected solar PV power project. This project will be developed in Rajasthan at a tariff of Rs. 2.57/kWh for a period of 25 years.”

The latest allocation has broadened the Adani Group’s green capacity. The tender allocated for the latest Rajasthan Project is very close to another solar project, which was awarded to NTPC Renewable Energy Limited (NTPC REL) for Uttar Pradesh Power Corporation Limited (UPPCL’s) 2000 MW ISTS-connected solar power projects. The NTPC subsidiary NTPC REL secured a 1,000 MW capacity at a tariff rate of Rs. 2.56/kWh.

Adani Green Expands Presence In Rajasthan

Adani’s win in Rajasthan will enable the company to strengthen its presence in the state, considering its extremely strong foothold in Gujarat where it is developing 30 GW of RE in Khavda.

The company is steadily expanding its presence in the Rajasthan. Adani Green Energy Limited (AGEL) has so far reached a total operational renewable energy capacity of 12,841.1 MW. The company achieved this target with the Adani Green Energy Twenty-Four Limited’s latest commissioning of its 250 MW solar power project at Bhimsar, Rajasthan, through its subsidiary, which in turn pushed AGEL’s total operational renewable energy capacity to 12,841.1 MW.”